Ondas Holdings Inc. (NASDAQ:ONDS) remained unchanged to close Tuesday at $1.32 after subtracting $0.0 on the day. The 5-day average trading volume is 1,763,400 shares of the company’s common stock. It has gained $1.7000 in the past week and touched a new high 2 times within the past 5 days. An average of 1,363,460 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 806,852.
ONDS’s 1-month performance is 14.78% or $0.2900 on its low of $1.0400 reached on 07/10/23. The company’s shares have touched a 52-week low of $0.78 and high of $5.68, with the stock’s rally to the 52-week high happening on 02/15/23. YTD, ONDS has lost -16.98% or -$0.2700 and has reached a new high 13 times. However, the current price is down -76.76% from the 52-week high price.
Insider Transactions
ONDS stock investors last saw insider trading activity on Mar 17.Bushey Thomas (Director) most recently sold 75,000 shares at $1.28 per share on Mar 17. This transaction cost the insider $96,000. Director, Bushey Thomas, sold 72,804 shares at a price of $1.67 on Dec 23. Then, on Dec 22, Director Bushey Thomas sold 49,970 shares at a price of $1.77 per share. This transaction amounted to $88,597.
Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 17.44 while the price-to-book (PB) in the most recent quarter is 1.17.
Ondas Holdings Inc.’s quick ratio for the period ended March 30 was 0.70, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.19, while the total debt to equity was 0.48.. In terms of profitability, the gross margin trailing 12 months is 46.70%. The trailing 12-month EBITDA margin is -2046.86%. The firm’s gross profit as reported stood at $1.11 million against revenue of $2.13 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 30.77% to -$14.46 million, while revenue of -$38.26 million was -164.59% off the previous quarter. Analysts expected ONDS to announce -$0.28 per share in earnings in its latest quarter, but it posted -$0.3, representing a -7.10% surprise. EBITDA for the quarter stood at more than -$9.58 million. ONDS stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 39.69 million, with total debt at $29.39 million. Shareholders hold equity totaling $51.08 million.
Let’s look briefly at Ondas Holdings Inc. (ONDS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 40.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 99.65%.
The stock’s 5-day moving average is $1.4670, reflecting a -22.35% or -$0.3800 change from its current price. ONDS is currently trading unch above its 20-day SMA, -9.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +60.10% and SMA200 by-63.74%.
Stochastic %K and %D was 19.94% and 30.06% and the average true range (ATR) pointed at 0.2467. The RSI (14) points at 46.90%, while the 14-day stochastic is at 17.16% with the period’s ATR at 0.2333. The stock’s 9-day MACD Oscillator is pointing at -0.1450 and -0.2443 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ondas Holdings Inc. (NASDAQ: ONDS), Northland Capital launched coverage with an Outperform rating. Analysts offering their rating for ONDS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ONDS as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is ONDS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.00 and a high of $4.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for Ondas Holdings Inc. (ONDS) stock is $3.00.
